LyondellBasell Industries NV (LYB) Stake Lowered by CAPROCK Group Inc.

CAPROCK Group Inc. reduced its stake in LyondellBasell Industries NV (NYSE:LYB) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,430 shares of the specialty chemicals company’s stock after selling 901 shares during the quarter. CAPROCK Group Inc.’s holdings in LyondellBasell Industries were worth $874,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. U S Global Investors Inc. increased its stake in LyondellBasell Industries by 40.0% during the 2nd quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock worth $414,000 after buying an additional 1,400 shares during the period. Torray LLC increased its stake in LyondellBasell Industries by 7.0% during the 3rd quarter. Torray LLC now owns 14,320 shares of the specialty chemicals company’s stock worth $1,418,000 after buying an additional 940 shares during the period. Guardian Capital LP purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $363,000. Wells Fargo & Company MN increased its stake in LyondellBasell Industries by 27.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock worth $173,383,000 after buying an additional 376,317 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $736,000. Hedge funds and other institutional investors own 74.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down $1.79 during trading hours on Wednesday, hitting $115.89. 1,996,200 shares of the company’s stock were exchanged, compared to its average volume of 1,554,960. LyondellBasell Industries NV has a 52 week low of $78.01 and a 52 week high of $118.13. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. The stock has a market cap of $45,840.00, a P/E ratio of 12.36, a PEG ratio of 1.39 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the Zacks’ consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%. research analysts expect that LyondellBasell Industries NV will post 9.96 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on LYB shares. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Cowen upped their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. UBS Group upped their target price on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $103.74.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

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About LyondellBasell Industries

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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